1, PELLVIEW CLOSE, RYDE, PO33 3TU - £245,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 PELLVIEW CLOSE is a very small detached house of 69m², built sometime between 1976 and 1982, which could now be worth an estimated £239,257. It was last sold for £245,000 in August 2022, which was around 41% below the average August 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2019, where the current energy rating was E, and the potential energy rating was B.

1 PELLVIEW CLOSE Sold Prices

Land registry data shows two sales for 1 PELLVIEW CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two 1 PELLVIEW CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 11 AUG	£245,000	£416,888	41% below HPI
2020 6 NOV	£180,000	£353,880	49% below HPI

1 PELLVIEW CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The two 1 PELLVIEW CLOSE sales from November 2020 and August 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2020 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the August 2022 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 1 PELLVIEW CLOSE be worth now?

1 PELLVIEW CLOSE might now be worth an estimated £239,257.

This is based on house price deflation of 2.3%, between August 2022 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.3% deflationary decrease is applied to the most recent sale price for 1 PELLVIEW CLOSE of £245,000 on 11th August 2022. For the value to have decreased from £245,000 to £239,257 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 1 PELLVIEW CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The August 2022 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PELLVIEW CLOSE has not materially changed since August 2022.

How Large is 1 PELLVIEW CLOSE?

1 PELLVIEW CLOSE is 69m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 10% of detached houses houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ryde, and where 1 PELLVIEW CLOSE lies on this distribution: 10% of detached houses houses are smaller than 1 PELLVIEW CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Ryde.

1 PELLVIEW CLOSE: Plot and Title Map

1 PELLVIEW CLOSE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 1 PELLVIEW CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 PELLVIEW CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 PELLVIEW CLOSE?

1 PELLVIEW CLOSE is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 1 on PELLVIEW CLOSE.